Exchange Traded Concepts LLC Makes New Investment in Dutch Bros Inc. $BROS

Key Points

• Exchange Traded Concepts LLC has acquired 61,774 shares of Dutch Bros Inc., valued at approximately $4.2 million, indicating institutional interest in the stock.
• Various hedge funds increased their positions in Dutch Bros, with 85.54% of the stock currently owned by institutional investors.
• Analysts have raised their target prices for Dutch Bros, with predictions of a current EPS of $0.57 for the fiscal year and a consensus rating of "Buy."

Exchange Traded Concepts LLC purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 61,774 shares of the company's stock, valued at approximately $4,223,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BROS. Berkshire Capital Holdings Inc. bought a new stake in Dutch Bros during the 1st quarter valued at $6,438,000. Jump Financial LLC raised its position in Dutch Bros by 47.3% during the 1st quarter. Jump Financial LLC now owns 223,771 shares of the company's stock valued at $13,816,000 after purchasing an additional 71,834 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Dutch Bros during the 4th quarter valued at $267,000. West Michigan Advisors LLC bought a new stake in Dutch Bros during the 1st quarter valued at $401,000. Finally, Woodline Partners LP raised its position in Dutch Bros by 772.6% during the 1st quarter. Woodline Partners LP now owns 209,027 shares of the company's stock valued at $12,905,000 after purchasing an additional 185,072 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares of the company's stock, valued at $83,361,814.48. This represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 787,681 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.94, for a total value of $54,302,728.14. Following the transaction, the chairman directly owned 975,031 shares in the company, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BROS has been the topic of several recent analyst reports. The Goldman Sachs Group started coverage on Dutch Bros in a research report on Thursday, June 26th. They set a "neutral" rating and a $75.00 target price on the stock. TD Cowen restated a "buy" rating and issued a $86.00 target price on shares of Dutch Bros in a research report on Tuesday, August 19th. Bank of America increased their price target on Dutch Bros from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. Finally, Guggenheim raised their target price on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $80.06.

Dutch Bros Price Performance

BROS stock traded up $0.62 on Tuesday, reaching $55.88. The company had a trading volume of 1,594,301 shares, compared to its average volume of 3,261,733. Dutch Bros Inc. has a 1 year low of $30.49 and a 1 year high of $86.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The company's fifty day moving average is $64.17 and its 200 day moving average is $64.62. The company has a market cap of $9.19 billion, a P/E ratio of 118.98, a PEG ratio of 3.24 and a beta of 2.64.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. During the same quarter in the prior year, the company earned $0.19 EPS. Dutch Bros's revenue was up 28.0% on a year-over-year basis. On average, research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.